Lenderman Company purchased some great bonds on a hunch from their best friend in the...
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Lenderman Company purchased some great bonds on a hunch from their best friend in the Horfeybunches Corporation. They bought them on January 12, 2022. Lenderman paid a mere $73 million for this investment. They accounted for these as "as avallable-for-5ale": At the close of 202 the fair value of the securities reached $81 million. In addition to jumping for joy, the Lenderman Company should report: Multiple Choice A gain of $8 mulion on the income statement. An increase in shareholders' equity of $8 milition An investment of 573 milion. None of the choices are correct
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